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Where do you put your non-stock money?

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Wanwo

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I want to find a place to keep cash, at this point only 10K, where it's not exposed to the stockmarket.

Any suggestions?

Conservative managed funds? Term deposits? Cash management fund? Is there anything else out there?

thx
 
Hi wanwo

I keep the cash portion of our portfolios in an online only savings account.....ie.....ING Direct, EsandaSaver etc...

I think most if not all the banks now have online only 'virtual' savings accounts available.....they pay a higher interest rate and your funds are virtually at call since you make overnight deposits/withdrawals from your online only account to a nominated/linked 'real' bank account.

hope this helps

bullmarket
 
Im putting most of mine into Electronic gold accounts at the moment. most in e-gold but still reseaching cheaper and safer options.
Entry and exit fees are a bit high but hopefully offset by higher returns and its very liquid.
you can also play the money market by going in as $US and out as $Au for example as long as your banks spreads for other currencies is OK.
Regards John
 
I'd recommend you look for cheap alcohol sales in your local area and really stock up. You can get some good wines cheap, and often cases or even kegs of beer are on sale.

After you drink them take your empties to SA where you get a 5 cent refund each.

But first buy Fosters shares. Australia's greatest brands all in one company.

That way you win in 4 ways - your shares go up, heaps of alcohol on hand = heaps of friends as well, nice refunds and you're recycling to keep the greenies happy, ohh and you get pissed whenever you want.

 
Realist, you might be on a winner there.

Alchohol sales go up in recessions apparently.

...a recession coming to a town near you
 
why not open a "Telenet saver" account with Bankwest and get paid for 6.4%, and use the interest you earned to get some good books to educate yourself?
www.abetterdeal.com.au
 
hi hissho

hissho said:
why not open a "Telenet saver" account with Bankwest and get paid for 6.4%, and use the interest you earned to get some good books to educate yourself?
www.abetterdeal.com.au
Click to expand...

from memory, that 6.4% is only for the 1st 12 months and then the interest rate drops to a little below what most other banks are paying.

So if you leave your funds there for the long term you end up losing out.
 
:iagree:

I only have enough cash to pay the rent and buy red wine. Mostly skinless at the moment, but they are just such great value.
 
true.

so this year i put it under my name, next year my wife's name , a joint name the year after...that's already 3 years. other banks will come up with a better offer due to competition so i won't worry for the coming 3 years...

there is a will, there is a way!
cheers

bullmarket said:
hi hissho

from memory, that 6.4% is only for the 1st 12 months and then the interest rate drops to a little below what most other banks are paying.

So if you leave your funds there for the long term you end up losing out.
Click to expand...
 
What BM said, however I belive commonwealth is paying more ATM

But first buy Fosters shares. Australia's greatest brands all in one company
Click to expand...

Dont usually drink beer but when I do I try not to touch VB... tastes like cats piss
 
VB - The real Australian beer.

But, I started on Melbourne Bitter because Dad drank Melbourne.

Now, just clean skins and the odd label including the words Coonawarra and/or Shiraz.
 
mint man,

u mean u drank cat piss before????

sorry mintie, just can't help it.
 
Hi Wanwo,

If you have a mortgage, it would be wise to put the money in an offset account as it would be effectively earning the interest rate of your home loan plus whatever you would've paid the taxman from other investments. If you don't have a mortgage, I would suggest putting it in a high-interest online savings account like Dragon Direct or ING if you are a disciplined saver and won't be tempted to spend it. If you know that you might access those funds for non-investment purchases, it would probably be better to put the money in a cash management account or term deposit.

Happy Investing,

Dennis
 
Hi again wanwo

another option to the one I posted earlier which imo is also worth considering, assuming you are looking to 'park' some funds somewhere with a reasonable return, is to maybe have a look at Rubicon America Trust (RAT).

RAT is an ASX listed LPT which manages 33 high grade properties with mostly gov't department tennants in the US.

They have just announced their distribution for the June quarter and are now on a prospective yield of ~13%

RAT is currently trading ~19% below its NTA of $1.23 and I assume that is primarily because of their relatively high gearing, but I'm not convinced that their high gearing is a major issue since they have taken hedging positions against currency and interest rate movements. I suspect that if the general market turns genuinely bearish at any stage, then the ~13% yld atm will look pretty attractive to fund managers looking for safer more stable investments.

Anyway, just some more food for thought.

cheers

bullmarket
 
Dont usually drink beer but when I do I try not to touch VB... tastes like cats piss
Click to expand...



:fu:


Why not try Cascade, Carlton Draught, Crown Lager, or Fosters instead?

Or some Penfolds Grange Hermitage? Is that not good enough for you?

Or 3 cougars thanks!

 
wasn't it 5 cougars?

You're winning me over to the idea of buying some fosters shares realist - I like the idea that every time I have a beer its adding to my investment .... mmmm.... beer. :drink:



yeah I'll go the cascade over the vb though.
 
yep it was cuttlefish

from memory, the original order was:

2 gin 'n tonics

2 vodkas

and a skotch


5 cougars thanks....!!!!!
 
dennisll said:
If you have a mortgage, it would be wise to put the money in an offset account.

If you don't have a mortgage, I would suggest putting it in a high-interest online savings account like Dragon Direct or ING.
Click to expand...

Yep I did have an offset account. It's a very sweet deal - the money made not being income so I was effectively getting 6.92% tax free. Hard to do better than that with at call money in the bank. But I've sold my property now, which is why I've been scooting around for something else. Probably go with the ING. Nice product.
 
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